[dalereed]

They left out the biggest contributor, the stupid and greedy public who poured money into a no equity market.

I still contend that the biggest contributor to the inflation of the market is the ever increasing insurance and pension funds that have increased a a far faster rate the the available stocks and the bidding war esculated the price to levels that only a fool would put their money into.

[Dog Gone]

Don't forget the impact of millions of workers who buy stocks through their 401(k) plans. That is pumping billions of dollars into the market every week, or at least it will until workers redirect their their investment choices to something else.

[steve50]

You make a good point. The feds rate lowerings also forced bank interest rates so low that many had to get into the market to get any reasonible return on their savings.